What is a benchmark problem?
A) a difficulty encountered when attempting to bring an accounting information system up to industry best practices
B) a method used to compare the efficiency of alternative accounting information systems
C) the cost-benefit tradeoff defined by the relationship between increased costs and increased benefits from a system
D) a method used to test the compatibility of a new accounting information system with existing hardware and software

Question

Quizplus · Accepted Answer

A benchmark problem is a method used to compare the efficiency of alternative accounting information systems. It involves testing different systems against each other to determine which one produces the best results. It is a common approach used by organizations when selecting a new accounting information system.

What Is a Benchmark Problem